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1951 Martin Luther King Jr Boulevard, Los Angeles, CA 90062
Priced at Only: $2,595,000
For more Information Call Mobile: 714.478.6676
Address: 1951 Martin Luther King Jr Boulevard, Los Angeles, CA 90062
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  • MLS#: 24423085 ( )
  • Street Address: 1951 Martin Luther King Jr Boulevard
  • Viewed: 20
  • Price: $2,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 252
Description
1951 W. Martin Luther King Jr Boulevard is an 8 unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day 1 and approximately 14% rental upside.
Description
1951 W. Martin Luther King Jr Boulevard is an 8 unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day 1 and approximately 14% rental upside.
Features
Appliances
  1. Dishwasher
  2. Microwave
Building Area Total
  1. 4762.00
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Dryer Included
Levels
  1. Multi/Split
Netoperatingincome
  1. 152081.00
Parcel Number
  1. 5035006011
Parking Features
  1. Assigned
Postalcodeplus4
  1. 1428
Sourcesystemkey
  1. 24-423085:CLAW
Tenant Pays
  1. Electricity
  2. Gas
  3. Water
Totalexpenses
  1. 51654.00
Views
  1. 20
Year Built
  1. 1923
Zoning
  1. LARD1.5

Contact Info

Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
Request More Information
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  • Check this box if you are a real person: